MIRA INFORM REPORT
|
Report No. : |
319616 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
EPCOS INDIA PRIVATE LIMITED |
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|
|
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Formerly Known
As : |
INTERNATIONAL FERRITES LIMITED |
|
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Registered
Office : |
Kulia Kancharapara, P.O. Netaji Subhash Sanatorium, Kalyani, Nadia -
741251, |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.11.1976 |
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Com. Reg. No.: |
21-030763 |
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Capital
Investment / Paid-up Capital : |
Rs. 886.013 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92131WB1976PTC030763 |
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|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKE00321G |
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PAN No.: [Permanent Account No.] |
AAACI6950Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and selling of ferrite cores and capacitors. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and huge accumulated loss incurred by the company during 2014. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office : |
Kulia Kancharapara, P.O. Netaji Subhash Sanatorium, Kalyani, Nadia -
741251, West Bengal, India |
|
Tel. No.: |
91-253-2205103/
2353756/ 2353760/ 2205106/ 22055100/
33-25891410 |
|
Fax No.: |
91-253-2353761/
33-25891418 |
|
E-Mail : |
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|
Website : |
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Factory/ Godown : |
Plot No. E-22/25, MIDC Industrial Area, Satpur, Nasik-422007, |
|
Tel. No. |
91-253-2353756 |
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Fax No. |
91-253-2353761 |
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|
|
|
Sales office : |
Bangalore 14/2, Brunton Road, Bangalore-560025, Karnataka, India Tel No.: 91-80-40390615/40390615 Fax No.: 91-80-40390603 Uttar Pradesh 2nd Floor, Tower - A, C-28, 29, Logix Cyber Park, Sector - 62, Noida – 201301, India, Uttar Pradesh, India Tel No.: 91-120-4505801 Fax No.: 91-120-4505818 Mumbai 908-909, 9th floor, Damji Shamji Galleria LBS Road, Near
Huma Adlabs Tel No.: 91-22-25750800 Fax No.: 91-22-25750810 |
DIRECTORS
As on 17.09.2014
|
Name : |
Mr. Hari Shankar
Banerjee |
|
Designation : |
Director |
|
Address : |
G 18 and 19, Serene Meadows, |
|
Date of Birth/Age : |
05.07.1958 |
|
Date of Appointment : |
01.05.2013 |
|
DIN No.: |
00041860 |
|
|
|
|
Name : |
Norbert Hess |
|
Designation : |
Director |
|
Address : |
Toelzer Str. 33 Gruenwald, 82031 |
|
Date of Birth/Age : |
20.02.1960 |
|
Date of Appointment : |
28.08.2012 |
|
DIN No.: |
05355005 |
|
|
|
|
Name : |
Mr. Balakrishnan Natarajan |
|
Designation : |
Managing Director |
|
Address : |
A 804, Mantri Elegance, N S Palya, |
|
Date of Birth/Age : |
01.06.1957 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
01.10.2010 |
|
PAN No.: |
AAJPB2994H |
|
DIN No.: |
00112332 |
|
|
|
|
Name : |
Mr. Prabal Ray |
|
Designation : |
Whole time director |
|
Address : |
Satadroo, Dr. SC Banerjee Road, Flat No. 4B, Kolkata – 700010, West
Bengal, India |
|
Date of Birth/Age : |
18.08.1965 |
|
Date of Appointment : |
02.05.2013 |
|
DIN No.: |
06576049 |
KEY EXECUTIVES
|
Name : |
Mr. Jayesh Kumar
Thakkar |
|
Designation : |
Secretary |
|
Address : |
D – 1, Atharva
Bungalows, Kale Nagar, |
|
Date of Birth/Age : |
23.09.1977 |
|
Date of Appointment : |
09.12.2008 |
|
PAN No : |
ADNPT6321K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
EPCOS AG, |
|
88601337 |
|
EPCOS AG Jointly with EPCOS Electronic Components S.
A., |
|
42 |
|
Total |
|
88601379 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and selling of ferrite cores and capacitors. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Panchshil Tech Park Private Limited, Yerwada, Pune-411 006,
Maharashtra, India |
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PAN No.: |
AALFS0506L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Epcos AG, Germany |
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Ultimate Holding Company : |
TDK EPC Corporation, Japan |
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Fellow Subsidiaries : |
·
EPCOS Inc., Iselin, USA ·
EPCOS OHG Deutschlandberg, Austria ·
EPCOS Anhui Feida Electronics Company, China ·
EPCOS Electronic Components, S.A., Malaga ·
EPCOS SDN BHD, Malaysia |
|
|
|
|
Other Related Parties |
·
TDK Xiamen Company Limited ·
TDK Taiwan Corporation ·
TDK Singapore (Pte.) Limited ·
TDK Corporation Japan |
CAPITAL STRUCTURE
As on 17.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
Rs.10/- each |
Rs. 900.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
88601379 |
Equity Shares |
Rs.10/- each |
Rs. 886.013
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
886.013 |
886.013 |
886.010 |
|
(b) Reserves & Surplus |
(383.495) |
61.986 |
724.730 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
502.518 |
947.999 |
1610.740 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1355.728 |
1762.460 |
1537.410 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
2.048 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
34.696 |
26.280 |
28.330 |
|
Total
Non-current Liabilities (3) |
1390.424 |
1790.788 |
1565.740 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2048.310 |
1401.212 |
672.470 |
|
(b) Trade payables |
1074.550 |
903.550 |
1229.280 |
|
(c) Other current liabilities |
1647.254 |
1091.538 |
969.670 |
|
(d) Short-term provisions |
299.040 |
106.060 |
93.220 |
|
Total
Current Liabilities (4) |
5069.154 |
3502.360 |
2964.640 |
|
|
|
|
|
|
TOTAL |
6962.096 |
6241.147 |
6141.120 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2642.335 |
2442.359 |
1974.620 |
|
(ii) Intangible Assets |
112.821 |
140.021 |
158.270 |
|
(iii) Capital work-in-progress |
425.260 |
651.630 |
963.440 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
22.630 |
|
(d) Long-term Loan and Advances |
71.450 |
93.610 |
139.450 |
|
(e) Other Non-current assets |
68.750 |
84.667 |
2.080 |
|
Total
Non-Current Assets |
3320.616 |
3412.287 |
3260.490 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1245.950 |
1117.611 |
1128.700 |
|
(c) Trade receivables |
1397.990 |
1084.550 |
1050.150 |
|
(d) Cash and cash equivalents |
345.550 |
161.410 |
221.440 |
|
(e) Short-term loans and advances |
381.690 |
320.580 |
273.020 |
|
(f) Other current assets |
270.300 |
144.709 |
207.320 |
|
Total
Current Assets |
3641.480 |
2828.860 |
2880.630 |
|
|
|
|
|
|
TOTAL |
6962.096 |
6241.147 |
6141.120 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
6918.320 |
5738.310 |
6209.980 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
6679.390 |
5734.530 |
5383.940 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
606.210 |
3.780 |
826.040 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
298.540 |
210.450 |
169.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
307.670 |
(206.670) |
656.120 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
387.920 |
431.400 |
357.230 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
367.280 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(447.530) |
(638.070) |
298.890 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.050 |
24.680 |
97.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(449.580) |
(662.750) |
201.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(5.07) |
(7.48) |
2.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(6.50) |
(11.55) |
3.24 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.76 |
0.07 |
13.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.85) |
(11.42) |
5.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.89) |
(0.67) |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.77 |
3.34 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.81 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
886.010 |
886.013 |
886.013 |
|
Reserves & Surplus |
724.730 |
61.986 |
-383.495 |
|
Net
worth |
1610.740 |
947.999 |
502.518 |
|
|
|
|
|
|
long-term borrowings |
1537.410 |
1762.460 |
1355.728 |
|
Short term borrowings |
672.470 |
1401.212 |
2048.310 |
|
Total
borrowings |
2209.880 |
3163.672 |
3404.038 |
|
Debt/Equity
ratio |
1.372 |
3.337 |
6.774 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6209.980 |
5738.310 |
6918.320 |
|
|
|
(7.595) |
20.564 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6209.980 |
5738.310 |
6918.320 |
|
Profit |
201.000 |
(662.750) |
(449.580) |
|
|
3.24% |
(11.55%) |
(6.50%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Foreign currency term loans from others |
1355.728 |
1762.460 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Other loans and advances |
2048.310 |
1401.212 |
|
Total |
3404.038 |
3163.672 |
REVIEW OF BUSINESS
OPERATIONS:
During the year ended 31st March 2014, there was an improvement in Order Income compared to previous year pursuant to marginal increase in growth of global economy particularly in USA & Europe and the depreciation of Rs. against USD and EUR by almost 20% resulted in an increase in revenue of the Company by 20%, from Rs. 5,738.000 Million in the previous year to Rs. 6,918.000 Million in the current year.
EBITDA was at Rs. 606.210 Million as compared to Rs. 3.780 Million for the previous year mainly due to increase in revenue and exchange rates, however, EBITDA of previous year was lower due to provision for warranty towards extra ordinary customer claims in capacitor business and restructuring of ferrite business at Kalyani. Interest costs are higher in current year due to increase in borrowings from banks for working capital purposes and also increase in overall interest rate scenario in the country. Exceptional items in the current year are the provisions towards impairment losses on transfer of transformer business from Kalyani Plant. The profit before tax (PBT) was correspondingly higher but still negative at (-) Rs. 447.000 Million as compared to (-) Rs. 638.000 Million in the previous year.
FUTURE OUTLOOK
The market scenario continues to be subdued both in the domestic and export segments. The newly elected Indian Central government is taking adequate measures to induce growth to around 6% from the current level of sub 5% after successfully controlling inflation. Measures taken by the US and European countries is also expected to induce growth in the export segment. Your company therefore expects marginal growth in the main product segments in the future. The Company will continue its focus on product developments in existing AC, PFC and DC capacitors, Ferrite cores in order to provide a comprehensive range, cater to additional segments and also maintain cost competitiveness. Apart from the market situation, your Company is continuously focusing on productivity improvement, effective cost control and efficient management of resources for achieving profitable growth.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
· Freehold Land
· Leasehold Land
· Building
· Plant and Machinery
· Computers
· Vehicles
·
Furniture and Fittings
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.20 |
|
|
1 |
Rs.97.00 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.